<
https://singularityhub.com/2022/09/19/decarbonizing-the-energy-sector-by-2050-could-save-the-world-12-trillion/>
"One of the main arguments against a rapid transition to renewable energy is
the potentially enormous cost. But a new study shows that moving quickly could
actually save us huge amounts of money compared to taking things slowly or
doing nothing at all.
Models designed to estimate the economic impact of different energy scenarios,
including those used by the Intergovernmental Panel on Climate Change, have
consistently predicted that shifting from fossil fuels to greener alternatives
like solar and wind would entail significant costs.
But researchers from Oxford University believe these predictions have also been
consistently wrong. When projections made over the last 20 years are compared
to real-world data, they systematically underestimate the cost reductions of
key technologies and the pace of deployment around the world.
These findings prompted the team to see if they could find a better way to
model the potential trajectories of future energy systems. By turning to the
same kind of probabilistic modeling approaches used by the betting industry,
they predicted that transitioning to a decarbonized energy system by around
2050 is expected to save the world at least $12 trillion, compared to
continuing our current levels of fossil fuel use."
Via Rixty Dixet.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
